With well-developed neighbourhoods, strong social infrastructure, large scale projects like a new International Airport and Mumbai Trans Harbour Link, and other sustainable developments, Navi Mumbai over the years has emerged as an attractive destination for business as well as residential segment. It’s close proximity to Mumbai and Pune is more reason why the property market in Navi Mumbai is getting hotter by the month. Property rates in Navi Mumbai have been rising due to a robust growth in residential, commercial, and industrial real estate.
Average Prices in Navi Mumbai
Resonating strong homebuyer demand and regained developers’ interest, the property prices in Navi Mumbai have seen an uptick in property prices and is expected to have a high growth trajectory. For instance, in most active localities in Navi Mumbai such as Kharghar and Kamothe, the average property price is pegged around Rs 11,000-Rs 13,000 sq.ft. Among top selling residential projects in past 12 months, Gajra Bhoomi Gardenia saw highest transactions with close to 60+ property registrations.
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